Trump administration appeals court ruling that blocked IEEPA tariffs
Crypto Briefing
The Trump administration has appealed to the Supreme Court after lower courts ruled that IEEPA does not grant authority to impose import tariffs.Summary
The Trump administration is challenging a ruling by the US Court of Appeals for the Federal Circuit that declared the International Emergency Economic Powers Act (IEEPA) does not grant the President authority to impose import tariffs. Fifteen judges across three courts have unanimously agreed that such tariffs are unconstitutional under the statute. The Department of Justice has requested an expedited review by the Supreme Court. Currently, the tariffs remain in effect due to a stay expiring on October 14, but an ultimate defeat for the administration could lead to significant refunds for companies that paid duties under these executive orders.
(Source：Crypto Briefing)